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Stocks to watch: Travel stocks, Pan Ocean, CDL, Noble
SINGAPORE Airlines (SIA) might have taken a hit on the local bourse following Friday's Paris attacks, but its subsidiary fared better.
SIA's counter fell nine cents to S$10.74 at the end of Monday's trade, while its subsidiary, Tigerair, edged up half a cent to S$0.41.
NET profit for the three months to Sept 30 came in at US$43.3 million, down 77.1 per cent on the same period a year ago, mainly due to a plunge in non-operating income at Pan Ocean Co.
Meanwhile, revenue for the third quarter rose 11.3 per cent to US$420.8 million, while other non-operating income fell 95 per cent to US$9.1 million because the company is repaying all its "rehabilitation liabilities" this year.
CITY Developments (CDL) deputy chairman and executive director Kwek Leng Joo, 62, died in his sleep on Monday morning due to a sudden heart attack.
Mr Kwek, the younger brother of billionaire Kwek Leng Beng, was an advocate of corporate social responsibility for over two decades and has raised CDL's standing as a green building champion and forerunner in corporate social responsibility.
CDL's counter ended Monday's session at S$7.61, down two cents.
COMMODITY trader Noble Group could potentially be downgraded by ratings agency Moody's as the latter conducts a review.
The news comes after the group reported a sharp fall in third-quarter profit on Thursday, battered by losses in its metals and agricultural operations.
It closed at S$0.435 on Monday, down one cent.